Marten Transport Q2 EPS $0.10 vs $0.27 YoY; revenue down 14% to $246.2M

MARTEN TRANSPORT LTD

2024-Q2 EPS reported $0.22 revenue$495,910,000

Net income $7.9M ($0.10 diluted) vs $21.9M ($0.27) in Q2 2023; operating income $10.0M vs $28.2M.
Operating revenue $246.2M, down 14% YoY from $285.7M; fuel surcharge revenue fell to $32.7M from $37.0M.
Executive cites freight market recession, oversupply, weak demand, and inflationary costs as headwinds.
Added new multi-year dedicated programs for an additional 133 drivers starting in Q3.
Non-GAAP operating expenses as % of revenue net of fuel surcharges were 95.3% vs 88.7% YoY.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.